Fortscale Secures $7 Million in Latest Round of Funding Led by
Evolution Equity Partners and Valor Capital Group

Funding to Expand Global Business Operations as Company Unveils its
Latest Offering: Presidio, the Industry’s First Embedded UEBA Engine

February 28, 2017 09:00 AM Eastern Time

SAN FRANCISCO--(EON: Enhanced Online News)--Fortscale
Security Ltd., the innovator in machine learning-based User & Entity
Behavior Analytics (UEBA) for security, today announced it has secured
$7 million dollars in its latest round of funding led by Evolution
Equity Partners and Valor Capital Group. The round also included
investments from previous investors including Intel Capital, Blumberg
Capital, Swarth, CME ventures and UST Global. This latest investment
round brings Fortscale’s funding total to $23 million and coincides with
the release of the company’s newest offering: Presidio™, the industry’s
first embedded UEBA engine.

“We’re honored to
join Fortscale on their journey and are eager to provide value as the
company enters new markets and evolves its new Presidio ecosystem.”

The funding will be used in multiple capacities as Fortscale enters its
next phase of growth. The company plans to focus on new global business
expansion, specifically targeting the European and Latin American
markets, while also expanding its research and development operations
and team located in Israel. Additionally, the funding will contribute to
the ongoing development of Fortscale’s evolving product line.

“2017 is shaping up to be a momentous year for Fortscale with the
release of Presidio and the continued expansion of our global business
operations,” said Idan Tendler, co-founder and CEO, Fortscale. “We are
proud and grateful to have the support of the investment community who
understand the importance of our ongoing mission to stop insider threats
faster and more effectively than ever before.”

“Fortscale is a globally recognized innovator in UEBA that is leading
the ongoing fight against insider threats,” said Richard Seewald,
founder and general partner, Evolution Equity Partners. “We look forward
to working with Fortscale on their international expansion and helping
them establish partnerships that will fuel their continuing growth.”

“Organizations are increasingly turning to Fortscale’s UEBA solution to
protect their assets, customers and reputations,” said Scott Sobel,
co-founder and managing partner, Valor Capital Group. “We’re honored to
join Fortscale on their journey and are eager to provide value as the
company enters new markets and evolves its new Presidio ecosystem.”

Fortscale’s successful funding round coupled with the launch of Presidio
builds upon the momentum of a strong 2016. The company received numerous
awards and recognition including a 2016 Gartner
“Cool Vendor” in Identity and Access Management and Fraud. Fortscale
was also named to Calcalist’s list of “top 50 most promising
Israeli startups” for 2016 and NetworkWorld’s list of intriguing
new products.

Evolution Equity Partners, based in New York City and Zurich,
Switzerland, invests in growth stage technology companies in the United
States, Europe and Israel helping exceptional entrepreneurs develop
market leading companies. The firm has a focus on Cyber-Security and
Enterprise Software and its partners have been involved as founders,
investors and as senior operating executives in leading software
companies around the world. Current and past portfolio companies
include: AVG Technologies (AVG: NYSE), Cognitive Security (CSCO:
NASDAQ), OpenDNS (CSCO: NASDAQ), Carbon Black, Onapsis, Security
Scorecard, and DFLabs among others. For more information, please visit
us at evolutionequity.com or
connect with us on Twitter @evolutionequity.

About Valor Capital Group

Valor Capital Group, LLC is an investment firm focused on Brazil and
US-Brazil cross-border opportunities with a presence in New York, San
Francisco and São Paulo. The firm operates across two investment
strategies: Growth Equity and Venture Capital. Their investments include
SontraCargo, Udacity and Descomplica. www.valorcapitalgroup.com.

Contacts

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